Preview: Warsh's silence on rates leaves Fed and markets guessing before Jackson Hole
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Markets have been left to parse Warsh's tone rather than his words, and bond pricing shows the strain of that ambiguity. Short-term yields fell after his last press conference, while the 30-year Treasury yield climbed to its highest level since 2007 and the average 30-year mortga
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The desk anticipates that Fed Chair Warsh's upcoming speech at Jackson Hole will prioritize longer-term strategic visions over immediate monetary policy guidance. Per the full note from InvestingLive, this suggests traders may not receive the explicit rate signals they hoped for regarding September or December. Current market dynamics, which remain sensitive to incoming economic data rather than central bank rhetoric, reinforce this view. Despite some expectations for directional repricing, the absence of near-term guidance as outlined by Morgan Stanley implies that the focus will shift to Warsh's broader economic philosophy and policies.
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Economic and event calendar in Asia, Monday, November 16, 2026. BoJ, China data, Japan GDP.